Dollar firms as traders brace for U.S. inflation gauge

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Apr 19, 2023Dollar firms as U.S. yields rise, high British inflation underpins pound | Financial Post+0.4%
• Mar 1, 2021Dollar gains on reflation trade, Aussie recovers | Financial Post+0.8%
• Sep 13, 2022Latam FX slump as hot U.S. inflation sends dollar soaring | Financial Post+1.4%
• Dec 28, 2022China's yuan weakens as U.S. dollar gains on sustained inflation outlook | Financial Post-0.2%
• May 31, 2021Dollar near 2-month high vs yen, U.S. inflation beats expectations | Financial Post-0.2%

After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.

• Mar 1, 2021Dollar gains on reflation trade, Aussie recovers | Financial Post-1.5%
• Jan 28, 2022Dollar set for sparkling week as hike expectations surge | Financial Post+2.5%
• Feb 2, 2021Dollar stands tall on better U.S. outlook vs Europe | Financial Post-0.2%
• Nov 16, 2021Euro crumbles; traders wait on U.S. consumer test | Financial Post-1.4%
• Sep 17, 2020Dollar edges higher as Fed outlook lifts U.S. yields | Financial Post-1.3%

Not enough comparable past events yet for a historical read.